Gray submitted the fifth revision document of Hyperliquid Pledge ETF and proposed to use 2 million HYPEs as seed assets

James Seyffart, senior ETF analyst at Bloomberg, disclosed that Grayscale Investments has submitted the fifth revision document (Amendment No. 5) of the HyperliquidStaking ETF to the U.S. SEC, and the fund code remains HYPG. Documents show that the ETF still plans to use approximately 2 million HYPE tokens as seed assets, worth approximately US$130 million at current prices. However, as of now, key information such as management fee rates has not been disclosed in the document. James Seyffart said that this revision appears to be mainly minor adjustments, format optimizations and technical modifications in response to potential SEC comments, and no substantial changes were found compared with the version submitted the previous day. The core contents disclosed in previous documents, including the HYPE pledge mechanism and seed asset arrangements, remain unchanged.